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Aircraft Health Monitoring - Market Analysis, Trends, and Forecasts

  • ID: 4805159
  • Report
  • February 2020
  • Region: Global
  • 263 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • AIR FRANCE-KLM
  • AIRBUS AMERICAS
  • BOEING COMPANY
  • COBHAM PLC
  • EMBRAER SA
  • FLIGHT DATA SERVICES
  • MORE
Aircraft Health Monitoring market worldwide is projected to grow by US$2.4 Billion, driven by a compounded growth of 7.4%. Commercial, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$2.7 Billion by the year 2025, Commercial will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 6.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$82.5 Million to the region's size and clout in the next 5 to 6 years. Over US$70.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Commercial will reach a market size of US$123.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.1% over the next couple of years and add approximately US$661.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Air France Industries KLM Engineering & Maintenance
  • Airbus Americas, Inc.
  • Boeing Company, The
  • Cobham PLC
  • Curtiss-Wright Corporation
  • Embraer SA
  • Esterline Technologies Corporation
  • Flight Data Services Ltd.
  • FLYHT Aerospace Solutions Ltd.
  • General Electric Company
  • Gogo LLC
  • Honeywell International, Inc.
  • Inmarsat PLC
  • Iridium Communications, Inc.
  • L3 Technologies, Inc.
  • Lufthansa Technik AG
  • Meggitt PLC
  • Panasonic Avionics Corporation
  • Safran
  • SITA
  • SKYTRAC Systems Ltd.
  • Teledyne Technologies, Inc.
  • United Technologies Corporation (UTC)
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AIR FRANCE-KLM
  • AIRBUS AMERICAS
  • BOEING COMPANY
  • COBHAM PLC
  • EMBRAER SA
  • FLIGHT DATA SERVICES
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Aircraft Health Monitoring (AHM): An Introductory Prelude

Bright Prospects Ahead for AHM Market

Prevailing Scenario in the World Aerospace Industry Enhances Prospects for AHM Solutions

Ongoing Expansion in Commercial Airline Fleet Size Points Towards Strong Demand

Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft

Progressive Momentum in Business Jet Segment Amplifies Opportunities

Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well

Surging Orders for Sophisticated Fighter Aircraft and UAVs

Global Competitor Market Shares

Aircraft Health Monitoring Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Critical Importance of Flight Data Monitoring in Proactive Hazard Identification: Primary Market Driver for AHM Solutions

Rising Emphasis on Engine Condition Monitoring (ECM) Creates Ample Room for Wider Uptake of AHM

Advanced Software Solutions Simplify ECM Process

Digital Twinning Seeks Role in ECM

Technology Improvements & Product Innovations Spearhead Market Expansion: A Review of Select Aircraft Health Monitoring Tools Unveiled in the Recent Past

Airbus Introduces Skywise Health Monitoring (SHM) for Real-Time Management of Aircraft Events and Troubleshooting

Embraer Unveils IKON Predictive Maintenance System

GE Aviation Launches Aviation Asset Performance Management (APM) Platform

Lufthansa Technik Announces SafeDrone UAS HCM Platform

Honeywell Unveils Self-Diagnosing Integral Health Monitoring (IHM) Proximity Sensors

Pratt & Whitney Readies FAST™ Solution for Aerial Application Operations

UTC Rolls Out Pulse Health Monitoring System (HMS) for Real-Time Evaluation of Aircraft Condition

Data Analytics & IoT to Alter Dynamics in the AHM Ecosystem

GE Aviation Deploys IoT System for Effective AHM

Progressive Trend in Avionics Sector Creates Parallel Momentum for AHM

Advancements in Aerospace Sensor Technologies Widen Scope & Span of AHM

Utility of Wireless Sensors Utterly Visible in AHM Applications

AHM Services: A Niche Segment within the MRO Landscape

Current MRO Market Trends Strongly Favor Expansion in AHM Services Domain

Evolving Role of Predictive Maintenance Augments Growth Prospects

Artificial Intelligence Set to Add Teeth to Predictive Maintenance Strategies

Need to Resolve Concerns over Legal and Privacy Issues in Predictive MRO

Aircraft OEMs Identify Potential Opportunities in AHM Services Vertical

OEMs Leverage Modern Tech Concepts to Sharpen their AHM Service Capabilities

Boeing & Airbus Compete in AHM Sector as well

Boeing AHS Platform

Airbus AHS Platform (AiRTHM)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Aircraft Health Monitoring Market Share (in %) by Company: 2019 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Aircraft Health Monitoring Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

AIR FRANCE-KLM

AIRBUS AMERICAS

BOEING COMPANY

COBHAM PLC

CURTISS-WRIGHT CORPORATION

EMBRAER SA

ESTERLINE TECHNOLOGIES CORPORATION

FLYHT AEROSPACE SOLUTIONS

FLIGHT DATA SERVICES

GENERAL ELECTRIC COMPANY

GOGO

HONEYWELL INTERNATIONAL

INMARSAT PLC

IRIDIUM COMMUNICATIONS

L3 TECHNOLOGIES

LUFTHANSA TECHNIK AG

MEGGITT PLC

PANASONIC AVIONICS CORPORATION

SITA

SKYTRAC SYSTEMS LTD.

SAFRAN

TELEDYNE TECHNOLOGIES

UNITED TECHNOLOGIES CORPORATION

ACELLENT TECHNOLOGY, INC.

AIRBUS GROUP SAS

ASTRONICS CORPORATION

BAE SYSTEMS, INC.

BOMBARDIER

CFM INTERNATIONAL

GE AVIATION

GKN AEROSPACE SERVICES LTD.

GULFSTREAM AEROSPACE CORPORATION

L3 COMMERCIAL AVIATION

LEONARDO SPA

MEGGITT SENSING SYSTEMS

MOOG, INC.

MTU AERO ENGINES AG

ROCKWELL COLLINS

ROLLS-ROYCE HOLDINGS PLC

SAFRAN LANDING SYSTEMS

NORDAM GROUP, INC.

TRIUMPH GROUP

ULTRA ELECTRONICS HOLDINGS PLC

UTC AEROSPACE SYSTEMS

VENTURA AEROSPACE

EXSYN AVIATION SOLUTIONS

RSL ELECTRONICS LTD.

SABENA AEROSPACE

ADVANCED FLIGHT SYSTEMS

BENZ AIRBORNE SYSTEMS

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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  • AIR FRANCE-KLM
  • AIRBUS AMERICAS
  • BOEING COMPANY
  • COBHAM PLC
  • CURTISS-WRIGHT CORPORATION
  • EMBRAER SA
  • ESTERLINE TECHNOLOGIES CORPORATION
  • FLYHT AEROSPACE SOLUTIONS
  • FLIGHT DATA SERVICES
  • GENERAL ELECTRIC COMPANY
  • GOGO
  • HONEYWELL IN
Note: Product cover images may vary from those shown
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